Barclays PLC (LON:BARC) Insider Sells £542,717.04 in Stock

Barclays PLC (LON:BARC) insider C.S. Venkatakrishnan sold 185,862 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 292 ($3.80), for a total transaction of £542,717.04 ($706,019.31).

Barclays Stock Up 0.4 %

Barclays stock opened at GBX 304.90 ($3.97) on Thursday. The stock has a market cap of £43.78 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Barclays PLC has a 12 month low of GBX 173.80 ($2.26) and a 12 month high of GBX 316 ($4.11). The business has a 50 day moving average price of GBX 294.68 and a two-hundred day moving average price of GBX 263.29.

Barclays (LON:BARC) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported GBX 36 ($0.47) earnings per share for the quarter. Barclays had a net margin of 19.54% and a return on equity of 6.97%. On average, analysts expect that Barclays PLC will post 39.1062802 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 350 ($4.55) price objective on shares of Barclays in a report on Monday, February 24th. JPMorgan Chase & Co. lifted their price target on Barclays from GBX 360 ($4.68) to GBX 370 ($4.81) and gave the company an “overweight” rating in a report on Tuesday, February 18th. Shore Capital restated a “buy” rating on shares of Barclays in a report on Thursday, January 30th. Finally, Citigroup lifted their target price on shares of Barclays from GBX 320 ($4.16) to GBX 350 ($4.55) and gave the company a “buy” rating in a research note on Thursday, March 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 311.43 ($4.05).

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.